Thursday, November 30, 2006
[RealEdge] BT : HDB calls re-tender for 250 unsold flats
| Published November 30, 2006  | |
| HDB calls re-tender for 250 unsold flats THE Housing & Development Board is calling a re-tender to appoint housing agencies to sell 250 unsold flats on the open market, the government body said yesterday. The flats are in Jurong West, Sengkang, Bukit Merah and Geylang. The move follows the HDB's decision earlier this year in April to not award the December 2005 tender to appoint agencies for unsold HDB flats, with the board concerned about the zero-commission and negative-commission bids received. It said it would call a re-tender when it had addressed the matter. In light of this, the HDB said yesterday it will impose the condition that appointed housing agencies will not be allowed to collect any commission from the buyers. 'Housing agencies participating in the tender should therefore quote the commission they wish to charge HDB for their role in selling the flats,' the statement said. 'HDB will then select the successful tenderers taking into account their compliance with the tender conditions and the commission rates quoted.' The 250 flats have remained unsold after repeated offers to public applicants under HDB's sales exercises. The unsold flats are generally five or more years old. As they will be sold with the same terms and conditions as other resale flats, they will be priced at market value as set by professional valuers, the HDB said. The flats will be progressively released for sale over the next year. Agencies interested in participating in the tender can download a copy of the tender documents from www.gebiz.gov. |
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